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Suppose a life insurance company sells a ​$210,000 ​one-year term life insurance policy to a ​23-year-old female for ​$360. The probability that the female survives the year is 0.999499. Compute and interpret
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Suppose a life insurance company sells a ​$210,000 ​one-year term life insurance policy to a ​23-year-old female for ​$360. The probability that the female survives the year is 0.999499. Compute and interpret the expected value of this policy to the insurance company.

User Marc B
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User Fharreau
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